The global coffee machine market is expected to register high growth in the forecoming years. Major factors driving growth of the global coffee machine markets, increase in demand for coffee in, restaurants, office cafeterias etc., increasing population, changing lifestyle, changing consumer preferences. Further, other factors such as rising urbanization & disposable incomes, increasing number of coffee machines installation at airport, railway station, malls etc. are driving the global coffee machine market growth.
The global coffee machine market report has been segmented on the basis of type, technology, end user, and region.
On the basis of type, the global coffee machine market has been segmented into drip coffee machine, steam coffee machine, capsule coffee machine, and others including thermal coffee maker, percolator, moka pot etc. The capsule coffee machine segment is estimated to account for highest CAGR in global coffee machine market, due easy to use as well as cost effectiveness, and long life span.
On the basis of technology, the global coffee machine market has been segmented into semi-automatic coffee machines and fully automatic coffee machines. The fully automatic coffee machines segment is estimated to account for significant market in global coffee machine market, owing to the increasing advancements in technology such as bluetooth or Wi-Fi connectivity.
On the basis of end user, the global coffee machine market has been segmented into commercial, institutional, and residential. The commercial segment is estimated to account for significant market in global coffee machine market, due ease-of-use of coffee machine products coupled with high adoption rate in offices and commercial space.
On the basis of region, the global coffee machine markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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In 2017, Asia Pacific coffee machine market is expected to account for highest CAGR in the global market, and is expected to maintain its growth over the forecast period, due to growing population, changing lifestyle and consumer preferences. China and India, with their growing number of middle-class young professionals, are witnessing high coffee consumption which in turn is expected to drive the growth of global coffee machine market.
Key players operating in the global coffee machine market include BEHMOR INC., Nestlé Nespresso S.A, Jarden Corp., Koninklijke Philips N.V, SMARTER APPLICATIONS LTD., Auroma Brewing Company, De’Longhi Appliances S.r.l, Poppy Inc., Keurig Green Mountain Inc., and Morphy Richards Ltd.